Posted on: 09/08/2016
Lightsource Renewable Energy has connected the UK’s first Contracts for Difference (CfD) solar farm to the national grid.
The solar developer said it had secured £8.7 million of funding for the project from the Royal Bank of Scotland.
The Charity Farm solar project in Shropshire has a capacity of 11.94MW and was one of five sites to win CfDs in last year’s auction.
Need for further CfD auctions
Nick Boyle, Chief Executive at Lightsource, said: “The project also clearly demonstrates the many benefits of solar energy, above and beyond the generation of clean energy.
“A truly competitive system is fair to all concerned, but there has been no new round of auctions announced for solar as yet and, if the UK is serious about the future of its energy security, it is important that this is addressed.
“Great strides have been made in the industry and we firmly believe that solar has a significant role to play in the overall UK energy mix.”
> Read Lightsource's announcement